Tag: National People’s Congress (China)

Xi Jinping Starts New Term in China, With a Focus on Economy and U.S. Rivalry

Chin@Strategy

“In the coming period, the risks and challenges that we’re facing will only become more and more numerous and grim,” Mr. Xi said, while urging officials to remain “calm and focused” while also braced for “struggle.” To tackle these challenges, Mr. Xi has emphasized the need for China to wean itself off its reliance on Western-held technologies and expertise, and to fortify itself against risks to food and energy security. He has populated the government’s top ranks with his loyalists and allies to carry out his agenda. Mr. Xi’s No.…

After China’s Winter of Discontent, Xi Jinping Sets Sights on Growth and Power

Chin@Strategy

Xi Jinping is on the political march again. After a turbulent year that ended in faltering growth, widespread protests, and a surge of deaths after China abruptly abandoned Covid controls, China’s top leader is poised to secure even more power at the annual gathering of the national legislature that opened on Sunday. At the start of the National People’s Congress, the Chinese government laid out a post-Covid agenda centered on reviving the economy with a 5 percent growth target, raising spending on military, education and social needs, and augmenting Mr.…

China’s Economy Will Expand About 5 percent, A Cautious Target

Chin@Strategy

China’s government said it expected the country’s economy to grow “around 5 percent” this year, a goal that may be attainable as activity rebounds quickly but will still require considerable public borrowing and spending on roads, rail lines and other infrastructure. Li Keqiang, who will finish his decade as the country’s premier in the coming days, announced the target on Sunday at the opening of the annual session of the National People’s Congress. “This year, it is essential to prioritize economic stability and pursue progress while ensuring stability,” Mr. Li…

What to Expect at China’s National People’s Congress as Xi Tightens Grip

Chin@Strategy

China’s leaders are set to use a gathering of the top legislature starting Sunday to outline plans to restore public confidence and bolster economic growth after a year of uncertainty, disruption and discontent around the government’s Covid restrictions. The annual session of the largely ceremonial National People’s Congress is aimed at conveying the ruling Communist Party’s confidence and inspiring national unity. For the country’s top leader, Xi Jinping, this year’s event will also be key to reinforcing his authority after his signature “zero Covid” policy, now abandoned, drew widespread protests…

Xi Jinping Poised to Win 5 More Years at China’s Congress in October

Chin@Strategy

A Communist Party congress that is poised to anoint Xi Jinping as China’s top leader for another five years will open in Beijing on Oct. 16, officials announced on Tuesday. The starting date of the party’s 20th congress — a pivotal event in China’s political life cycle — was revealed after the Politburo, a council of 25 senior officials, settled on plans for the event. Such congresses are choreographed rituals held every five years, bringing together about 2,300 delegates who rarely, if ever, dissent. This one will reveal China’s broad…

China’s Legislative Session to Focus on Economy

Chin@Strategy

BEIJING — When China’s legislature opened its weeklong annual session on Saturday, Chinese leaders were eager to use the event to bolster confidence in the country’s economy. Beijing used the National People’s Congress to pledge that China’s economy, the engine of global growth, will regain momentum despite a punishing slump in housing, rising commodity prices, scattered lockdowns to control coronavirus outbreaks and widespread uncertainty over the war in Ukraine. Beijing’s ability to maintain political and economic stability is paramount as the ruling Communist Party prepares the ground for Xi Jinping,…